MCQOPTIONS
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| 1. |
A cumulative preference share is one |
| A. | In which all the unpaid dividends are carried forward and payable. |
| B. | Which can be converted into equity shares |
| C. | Which can be redeemed |
| D. | Which entitle the preference shareholders to participate in surplus profits and assets. |
| Answer» B. Which can be converted into equity shares | |